GREY:SWYDF - Post by User
Comment by
drdiabloon May 25, 2010 5:30pm
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Post# 17130087
RE: RE: History repeating itself
RE: RE: History repeating itselfWhen panic rules the markets, investors have little appetite for speculative stocks. They seek safety, and the stock of a company with no earnings isn't much of a refuge. If the broader market continues to get hammered, SWY management is powerless. A positive news release might produce a blip lasting a day or two, but investors waiting to sell will wipe it out. What we need in order to hit new highs is calm in the overall markets and a further increase in the demand for rough diamonds.
Virtually every speculative stock is volatile, and anyone who has made a bundle on a penny stock has held it through several vicious shakeouts. If you want peace of mind, by a utility. I believe SWY will crack the buck in the next year and make us all some serious money. I think there's even the chance of a bidding war for the project. However, there will be more thrills between now and payday, and not all of them will be positive. History will re-repeat itself.